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Current Attempt in Progress Marin Inc.'s bank statement from Main Street Bank at August 31, 2025, gives the following information. Balance, August 1 August deposits
Current Attempt in Progress Marin Inc.'s bank statement from Main Street Bank at August 31, 2025, gives the following information. Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,580 71,180 68,613 110 Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 $90 115 21,052 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,880; receipts $74,180; disbursements $73,505; and balance, August 31, $19,555. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,865 and outstanding checks of $4,565. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40.
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